Robert Munn wrote: > Because pension funds all over the country, in fact all over the > developed world, have promised far more to the pension holders than > the funds will ever be able to deliver.
I understand the whole concept over promising more then you can deliver. It is indeed a problem in most developed countries (there are some exceptions). But the way I see it Gruss Gott's conclusion that State and Municipal pension funds are soon going to default just comes out of thin air. Why would that suddenly happen? And if that happens on a large scale, won't Washington just change the law? Jochem ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Purchase RoboHelp from House of Fusion, a Macromedia Authorized Affiliate and support the CF community. http://www.houseoffusion.com/banners/view.cfm?bannerid=59 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:157680 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
